Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
INVESTimate
$349,900
List Price
$98,474
REQUEST INFO
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2012
- Price/Sqft : $161.54
- 2 Days on Market
- MLS # : 2224728
- Updated Date : 08/25/2020 at 13:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,166 sqft
- Baths : 2 full , 1 half
Listing Agent
Forever Home Realty
Listing Agent's Description
Honey, Stop the car! Original owner, 4 bedroom 2.5 bath gorgeous home in sought after Henderson community. This beautiful home has been wonderfully kept and cared for. Gated community with 24/7 security patrol. Community has a clubhouse and wonderful pool. Walking distance to high ranking Liberty High School and Starr middle school. Seller is open to leaving furniture and appliances with the right offer. Very rarely does this community see a 4 bedroom become available. Tile flooring on the first floor and carpet in bedrooms. Close to the 215 highway, and only 15 minutes from the airport. Seller prefers a leaseback for at least 6 months. Open to shorter or longer with the right offer. Come see this original owner gorgeous home for yourself. This wont last long!!!!!
SEE MORE
- Las Vegas metro has 61.2% labor force participation rate (USMayors.org, 2018)
- Las Vegas metro's employment growth was at 2.6% in 2018 and predicted to grow at the rate of 1.7% in 2019 (USMayors.org, 2018)
- A $7.5 billion mixed-use 6-year project known as Bleutech Park Las Vegas is starting in December 2019. The project will incorporate environmental and technological features such as water purification, on-site waste treatment and localized air cleaning. Described as an “insular mini-city,” the plan calls for use of autonomous vehicles, AI, augmented reality, robotics and other advanced technologies. (reBusinessOnline - France Media, 2019)
- Las Vegas metro's major employers include: MGM Resorts International, Caesars Entertainment Corporation, Stations Casinos, LLC., Wynn Resorts, Boyd Gaming Corporation, Las Vegas Sands Corporation, Walmart Stores, Cosmopolitan of Las Vegas, The Valley Health System and Supervalu (Las Vegas Sun, 2019)
- Las Vegas metro's economy was worth $124.9 billion in Gross Metro Product in 2018 and projected to grow to $133.2 billion in 2019 (USMayors.org, 2018)
- As the largest share, Las Vegas metro contributes to 75.1% of Nevada state's economy i.e. Gross State Product (USMayors.org, 2018)
PRICE & RENT TRENDS
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Paradise
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,700 |
EXPENSES | Loan Payment | -$1,291 |
Property Tax | -$220 | |
Property Insurance | -$69 | |
HOA | -$95 | |
Property Management Fees | -$119 | |
CASH FLOW
-$94
|
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 16% of earned rent to cover both maintenance and periods of vacancy.
$349,900
PROJECTED PRICE
$1,700
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.96% |
Appreciation Year (1-5) | 9.37% |
Maintenance Year (1-5) | 8.00% |
Vacancy | 7.63% |
Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $87,475 |
Loan Amount | $262,425 |
4.42
YEARS SAVED
$17,776
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,765
COMP ESTIMATED VALUE -
$0.82
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.702.281.2740
Forever Home Realty
1.866.250.5610
Mynd Property Management
1453579
MLS #: 2224728
Last Updated: 08/25/2020